02.05.2012 - West looks to the East for growth as Islamic finance comes centre stage
As the Muslim population is expected to rise twice as fast as the non-Muslim population, financial products to service this market could be in line for dramatic growth. With western financial markets still suffering the after-shock of the collapse of Lehman Brothers and the resulting credit crunch and Eurozone sovereign debt crisis, attention is now turning to the Middle East. While Dubai may have been caught up in the global asset bubble, the region has emerged largely unscathed from the recent crises, paving the way for dramatic growth in Islamic finance. But what is Islamic finance and what does it mean for Irish investors?..............................................Full Article: Source
Print